Baladna says the ventures are mainly intended to supply local markets
A company that once airlifted cows from the US to deserts of the Persian Gulf is now using its expertise to make milk in Ukraine.
The move follows a similar deal with a state-owned company in Malaysia, where Baladna also intends to build a 10,000-strong herd and produce 100-million litres of milk a year. Now the company has ambitions stretching beyond Qatar, where it has more than 20,000 cattle and controls 86% of the market for fresh milk. Further local expansion for Baladna, which has a market value of $838m, is limited by Qatar’s small population of 2.6-million people.
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